The Defense Department has released its annual report detailing the growth of China's military modernization and total defense spending, which DOD estimates to be $145 billion in fiscal year 2013, though the Chinese government has claimed $119 billion in expenditures. "I think this reflects an improvement in our understanding of how China develops its defense budget, but I would say that there's a lot yet that we still don't know about China's defense spending," a senior defense official told reporters...
